TOT daily traders went 300% short at SPX 2185.09 on an 2186 stop early this morning. Lower the protective buy stop on the position to a break ever for now. The SPX is currently doing well by us at about 2176. I expect the SPX to advance tomorrow morning but then sell off again in the afternoon. I recommend taking profits at the market on today’s close (assuming, as is probable, that we won’t be stopped out), and then looking for a spot to re-short later tomorrow morning.
Thanks for the opportunity to be of service and I’ll email you again in about ten hours.
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